The Minister of Economic and Climate Action and the candidate of the Green Party Minister Robert Habeck, a weekly federal government cabinet meeting held in Berlin, Germany on January 29, 2025.
Sean Gallup (Sean Gallup) | Getty Picture News | Getty Image
The German government reduced its GDP by 0.3 % in 2025 on Wednesday.
The latest GDP estimation value is far lower than the forecast increase of 1.1 % in October this year, but it is consistent with the predictions of other economic institutions. The International Monetary Fund has been cut early this month prospect Now, the German economy has grown 0.3 % this year, and the federal government grows in December explain GDP is expected to increase by 0.2 % during this period.
In contrast, the German Industry Association on Tuesday forecast The country’s economy will shrink 0.1 % in 2025, which will decline for the third time.
Annual GDP number It shows that the German economy signed 0.2 % in 2024 because it had fallen by 0.3 % last year. The quarterly GDP numbers have also been dull, but so far, the technical recession of contraction in two consecutive quarters has been avoided so far.
German economy and climate ministry said in a statement with its 2025 economic report.
It envisioned that with the decline in inflation and the growth of actual income, economic growth and economic conditions have become clearer.
Germany will go to the federal election on February 23. The election is the initial plan of the country Rupture of the League November.
Echo with Minister Last week’s comment on CNBCEconomic and Climate Minister Robert Habeck said in a statement that Germany suffered structural problems. He pointed out that the shortage of workers and skilled workers, strong bureaucratic institutions and investment weak.
The preliminary reading of the fourth quarter of Germany will be released on Thursday. The Statistics Bureau of the country said earlier this month that according to the information available at the time, the economic retreat was 0.1 % as of the three months as of the end of December.
The economic report on Wednesday also set the inflation rate to an average of 2.2 % this year. The German consumer price index fell to the 2 % goal of the Central Bank of Europe in the late summer, but has risen again.
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